Accounts

The Canadian Payments Association (CPA) is mandating an industry-wide transition to the use of images of cheques in the Canadian clearing system to replace the existing physical cheques.

In the future image-based environment, it will be essential that all cheques follow a standard format to ensure that high-quality images can be captured consistently. For this reason, the CPA amended their cheque “Standard 006” with the specifications that were published in January 2005.

By adopting the revised cheque specifications before the clearing process is implemented, you will be able to make optimal use of our imaged based services such as EasyWeb View Cheque service and Cheque Image Return.

Please be assured that you can continue to use "old format" cheques until we step into the image-based environment, however, may risk having cheques that cannot be properly imaged.

All cheques ordered through TD Canada Trust (or directly from Davis & Henderson) after March 31, 2005 are in compliance with the revised standards.

Here are some of the key changes published by the Canadian Payments Association that you will see on your revised-format cheques:-

Sample Personal Cheque

1. Adoption of a numeric date field in one of the following specified formats (English format of MMDDYYYY or DDMMYYYY or French JJMMAAAA or MMJJAAAA or International date format YYYYMMDD are acceptable). In all cases, the date field indicators must be printed below the date field line to indicate which format is being used.
2. A mandatory serial number in the MICR line must be encoded on the bottom of the cheque.
3. An increase in the minimum length of a cheque from 6” to 6 1/4”, or 15.88 cm, to ensure there is sufficient space to accommodate the mandatory serial number in the MICR line.
4. Standardized positions for key fields on the cheque, such as the amount field.
5. Disallowance of elements that may hinder the capture of images from the cheques, such as inverse printing, italics, slanted fonts, a bottom border printed below the MICR line and the use of black carbon on the reverse of cheques.
6. A provision to ensure that security features do not interfere with image capture for “areas of interest” as defined in Standard 006, Part A. (For e.g. if “VOID” pantographs or other hidden pantographs are used, they must not be visible on images captured from original cheques).
7. New printing requirements on the reverse of the cheque.

Plus, some revisions to technical specifications such as maximum Print Contrast Signal to ensure high-quality images can be consistently captured.

To learn more about the cheque standards, visit the Canadian Payments Association website at www.cdnpay.ca